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Long weekend rant
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#1
Hypertiger 
- Assistant Professor of Stock Proctology
-
- Group: Banned
- Posts: 3,270
- Joined: 16-July 02
Posted 30 August 2003 - 12:16 AM
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
MultiQuote
#2
Jimi
- Clinical Professor of Stock Proctology
-
- Group: Members
- Posts: 9,010
- Joined: 31-March 03
Posted 30 August 2003 - 01:48 AM
Outstanding, Hip-Cat.
Maybe sound-tracked to the beginning of Pink Floyd's "Dogs"
I wanna be a Minister of the Just Think Positive Infinite Inflation Religion.
I'll tour the country setting up revival tents and make the debt rise from its deflationary grave.
Outstanding.
Stay groovy,
Jimi
Maybe sound-tracked to the beginning of Pink Floyd's "Dogs"
I wanna be a Minister of the Just Think Positive Infinite Inflation Religion.
I'll tour the country setting up revival tents and make the debt rise from its deflationary grave.
Outstanding.
Stay groovy,
Jimi
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian
#3
mjkst27
- Professor of Stock Proctology
-
- Group: Banned
- Posts: 5,012
- Joined: 29-January 02
Posted 30 August 2003 - 02:37 AM
"and that's....the rest of the story", as Paul Harvey would say
nicely done, Hyper
one minor constructive criticism - newer readers would probably greatly benefit if you hyphenated many of the monikers you use. Elsewise it can be tough to make out the meaning of some of your sentences. It's easy for me since I am familiar with all the concepts. Someone who is not as familiar might get the wrong impression or just think you are nuts (I think we've seen this play out several times already around here, eh?). Example: "floating exchange rate debt backed by debt fractional reserve system" can be confusing as hell if you have never read it before and don't know where the proper emphasis should be placed on which words...it might jump off the page better if written as: "floating-exchange-rate, debt-backed-by-debt fractional reserve system" or some such. You get the idea.
nicely done, Hyper
one minor constructive criticism - newer readers would probably greatly benefit if you hyphenated many of the monikers you use. Elsewise it can be tough to make out the meaning of some of your sentences. It's easy for me since I am familiar with all the concepts. Someone who is not as familiar might get the wrong impression or just think you are nuts (I think we've seen this play out several times already around here, eh?). Example: "floating exchange rate debt backed by debt fractional reserve system" can be confusing as hell if you have never read it before and don't know where the proper emphasis should be placed on which words...it might jump off the page better if written as: "floating-exchange-rate, debt-backed-by-debt fractional reserve system" or some such. You get the idea.
#4
Hiding Bear
- Associate Professor of Stock Proctology
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- Group: Moderators
- Posts: 4,517
- Joined: 20-October 02
Posted 30 August 2003 - 10:41 AM
Good show!
Still think we will try to go down that hyper-inflationary road, even if at the end of that road are flaming tar pits. But that is not a sure bet - because an 'unexpected' event such as an energy crisis, internet failure, political scandal or some kind of terrorist activity like a sustained power blackout in key areas may prevent consumers from physically or pychologically taking on new debt.
Still think we will try to go down that hyper-inflationary road, even if at the end of that road are flaming tar pits. But that is not a sure bet - because an 'unexpected' event such as an energy crisis, internet failure, political scandal or some kind of terrorist activity like a sustained power blackout in key areas may prevent consumers from physically or pychologically taking on new debt.
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